Cleveland County, Arkansas Housing Market Prices
Cleveland County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 74% below the Arkansas median Cheaper than 82% of counties in Arkansas$28,602
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Median rent 43% below the Arkansas median Cheapest county in Arkansas$535
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cleveland County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,602 | $111,957 | $248,835 |
| Price Trend (Annual %) | 93.9% | 3.4% | 7.5% |
| Median Gross Rent | $535 | $947 | $1,407 |
| Rent Trend (Annual %) | -2.2% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cleveland County is about 74% lower than in Arkansas. Rent is about 43% lower than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Cleveland County: home prices rose about 93.9% a year while rent fell about 2.2% a year. That is an unusual pattern worth watching.
Median rent in Cleveland County fell about 14.6% between 2015 and 2024, from $627 to $535. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Cleveland County.
Buying the median-priced home in Cleveland County costs roughly 4.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cleveland County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Cleveland County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,602 | $111,957 | $248,835 |
| Median Household Income | $55,134 | $60,940 | $80,455 |
| Price-to-Income Ratio | 0.5 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cleveland County fell about 37.9%, while median household income rose about 43.7% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cleveland County | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.5% | 57.4% | 58.5% |
| Rental Rate | 14.2% | 29.0% | 31.2% |
| Vacancy Rate | 18.3% | 13.5% | 10.2% |
| Median Tenure (years) | 20.0 | 14.0 | 15.0 |
| Median Year Moved In | 2006 | 2012 | 2011 |
Cleveland County has a homeownership rate of 67.5%, higher than the Arkansas average of 57.4%. Its housing vacancy rate is 18.3%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Cleveland County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1985 | 1987 | 1978 |
| Median Number of Rooms | 5.6 | 5.5 | 5.5 |
The typical housing unit in Cleveland County was built around 1985. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 20.0 years on average.
Cleveland County, AR Housing Compared With Nearby Counties
Cleveland County, AR is the 3rd largest of the 4 counties compared here, 7,452 residents against a local median of 18,243. Where Cleveland County, AR breaks from the counties next to it is median home price, sitting 69% below the local median of $92,898 at $28,602.
Median rent tells the same story from another angle: $535 against a local median of $787, 32% below it. The counties themselves spread $146,435 on median home price, so Cleveland County, AR sits at one end of an already wide local range rather than apart from it. Cleveland County, AR has the 3rd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cleveland County, AR | 7,452 | $28,602 #3/4 | $535 #4/4 | 82.6% #2/4 |
| Jefferson County, AR | 64,799 | $19,534 | $887 | 61.8% |
| Grant County, AR | 18,243 | $92,898 | $787 | 80.7% |
| Calhoun County, AR | 4,704 | $165,969 | $768 | 87.8% |
Frequently Asked Questions
Common questions about the housing market in Cleveland County, Arkansas.
What is the median home price in Cleveland County, Arkansas?
The median home price in Cleveland County, Arkansas is $28,602, lower than the Arkansas average of $111,957.
What is the average home price in Cleveland County, Arkansas?
The typical home price in Cleveland County, Arkansas, reported as the median sale price, is $28,602. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Cleveland County, Arkansas?
The median gross rent in Cleveland County, Arkansas is $535 per month, lower than the Arkansas average of $947.
What was the median gross rent in Cleveland County in 2020?
In 2020, the median gross rent in Cleveland County, Arkansas was $617 per month.
What is the price-to-rent ratio in Cleveland County, Arkansas?
The price-to-rent ratio in Cleveland County, Arkansas is about 4.5, meaning it would take roughly 4.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Cleveland County.
Are home prices or rent rising faster in Cleveland County, Arkansas?
Home prices and rent are moving in opposite directions in Cleveland County: home prices rose about 93.9% a year while rent fell about 2.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Cleveland County, Arkansas?
67.5% of households in Cleveland County, Arkansas own their home, higher than the Arkansas average of 57.4%.
What is the vacancy rate in Cleveland County, Arkansas?
The housing vacancy rate in Cleveland County, Arkansas is 18.3%, higher than the Arkansas average of 13.5%.
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